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RE: Blockchains Are Not Free

in #bitcoin7 years ago (edited)

The general public are going to get sucked into whatever the headlines tell them to buy.
Also as you allude to, most people just want to get-rich-quick and aren't interested in a new payments system,

And that's most likely what's driving the crypto bubble - common folks searching for a profitable place to invest their savings.

I believe what gives Bitcoin value is the promise of usability as a means of payment. It is not and cannot be a safe "store of value" without a good usability value - if the only usability case is speculation on future bitcoin prices (plus some criminal corner-cases, including tax evasion), then Bitcoin is just an advanced ponzi scheme, it's bound to crash hard at some point.

I have some digital tulips for sale! Do you want to buy some?